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in with a safety plan to safeguard russian deposits in cyprus. steve sedgwick is in moscow where he caught up with the finance minister there an hour or so ago. steve? >> they turned to russians once again. there's a loan on the table from russians dating back from 2011 so it's not the exception to it the rule for the cypriots to turn to the russians. the russians themselves are indignant they weren't brought into talks. let's hear what he had to say earlier on about the state of the current talks. >> first meeting very constructive. very honest discussion. we underscored how difficult the situation is and we'll now continue our discussions to find a solution by which we hope we will get some support from russia. >> in terms of that support, are we talking about a change of terms for the current existing 2.5 billion euro loan and an extension of 5 billion loan in addition to that? >> we are talking about things beyond that. >> in what way would this be beyond that? >> we don't know. we don't know yet. we don't have any details. we just continue the discussions and they're waiting for us now t
's incentive. >> go to-- we got free lunch and that's po pork. >> brenda: andkay. steve, go ahead, weigh in on this? >> it's far worse than anything you guys are talking about here. it's not the political process. with a few notable exceptions, nobody in washington cares about the taxpayers. that's the problem here. listen,voters want to get rid of all this. they say it over and ove again and if it takes a few senators want to do this, they insist on doing it, they insist on these things being included, all it takes is somebody to say . >> oh. >> brenda: gary b, gary b is dying to get in here. go ahead. >> well, i don't agree, i don't agree with steve because he says the voters want to get rid of it and it's kind of like the not in my back yard. only the flip side. they want to get rid of it unless my gosh, you're going to take away that bridge or that pork you're going to build in my neighborhood. forget it. and that's-- you're wrong withthat. >> you are wrong about that. tom coburn got elected saying i'm not doing anything f oklahoma. >> that was oklahoma. >> why do we have a balanced
has been struck for a loan. i think we have steve on the phone from moscow. stay there for one second. steve, you just left this meeting where we are potentially looking for cyprus to maybe get some kind of deal here from the russians to help solve their debt problem. sounds like they are coming away empty handed. >> absolutely. there are more talks ongoing. i caught a couple of words with him as he was walking out. as you rightly quoted he said talks were constructive. they were ongoing. he told me he was on his way to a different location and that there would be more talks ongoing that have been constructive and then i asked him very specifically about the loan agreement that had been agreed between russia and cyprus in 2011, that's a 2.5 billion euro loan, 4 1/2 year loan. there were question marks in the press about whether this would be a loan which would be extended in terms of term and interest rates lessened. he said to me in response to my question about that loan we are looking beyond that. i'm not sure if we're looking at an extension of loan. people talked about a 5 billio
, obviously three developing stories and we're going to cue you in on all of them right now. the fed, steve liesman is in washington. russia's financial overtures toward cyprus. steve is live in moscow and then there's cyprus and the impact there on the rest of europe and the globe. michelle caruso-cabrera has made the trek to that small island nation that is right now ground zero for europe's financial problems. michelle? >> reporter: hi there, tyler. the latest is the president says he's going to meet with parliament tomorrow morning. there's still no plan here. in fact, you heard about plan a which was to tax deposits. now we have heard that plan b has been rejected by the troika as well. cyprus government said to the troika, their european partners who they want them to lend money to, they said to them, listen, instead of taxing deposits why don't we do this instead. we have a pension fund, we'll raid it, take the cash, turn it into bond and we'll pay it back over time. the troika said that doesn't do anything for you. you still have liabilities. then they said we're also going it try t
paribas and former economist for the u.s. federal reserve board. and the always wonderful steve moore. you recognize him from "the wall street journal." that is him on the right there. john, let me start with you. >> yes. melissa: seems like they're making a situation that could have been resolved because of course they're not taking the 10% levy on deposits but keeping banks closed. people are beginning to panic. they're almost guaranteeing a run on the bank. are they making the situation worse? >> not politically. if tomorrow you wake up and you find there is a 10% tax on your bank deposits, you will not be happy. if you're a politician in cyprus you're dealing with this and they're bank backing away from it. it was a bad idea in the first place. cyprus needs $10 billion from the european union and the european central bank and they have given others like greece hundreds of billions of dollars. so they're upset. the cypriot banks are insolvent. they're going, they will get a run. melissa: they are insolvent and they will get a run, yeah. >> but it's not cyprus's fault in my view. melissa
, steve schmidt, analyst and obama re-election campaign adviser robert gibbs and huffington post editorial director howard fineman. robert gibbs, this is your debut performance on the last word. we have a motto that's very republican. it is not what you say but how you say it. keep that in mind. >> i have to say that lead in provides an exceedingly low bar for which i can roll right over. you know, chairman priebus may have cued it perfectly. >> months later, he figured it out. >> might have spent less paper figuring out the two or three things they did right in 2012 rather than all of what they did wrong. i think they have a herculian task on their shoulders because it isn't about how you say it. obviously spending $10 million to do outreach with the same message will result in the same outcome. they have a huge problem in what they say, not in how they say it. and i think the biggest problem for the chairman of the rnc is he is not going to make any of these changes. as you mentioned, there's one policy recommendation. and there's a lot of change the color, change the logo recommendation
. steve sedgwick is calling in on the line from moscow. steve, russia is happy to stand pat while cyprus try toes come up with a solution. >> what we're going to get is an announcement from the european commission and the russian federation. this is looking at a whole host of longer term issue between the european union and is russia. the relationship needs a reboost after disagreements over syria, over trade, over the wto, over human rights and now, of course, most aggressively of cyprus, as well. what i'm fascinated to see -- and i'm in the lockdown, as well, i mention inside the reception house of the russian federation, i'm in a lockdown ahead of that press conference between mr. barroso and mr. medvedev. i want to see how that reboot looks. is it a reboot in name only or is it meaningful? they would prove that it's meaningful by including a solution to the cyprus crisis, including not only the troika, but the russian federation. that's is where mr. medvedev saying russian interests should have been thought about. mr. barroso saying no of the on governments were talked about friday i
50%. melissa: he is a brave guy. cyprus scrambling to save its banking system. steve moore of the "wall street journal" is here with that next. >> despite the concerns of cyprus, stocks are higher. the dow just about ten points off session highs. take a look at the names leading the charge. ♪ . .. today is gonna be an impoant day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. some of the world's siemens. answers.bines uh, charles couldn't make it. his single miles card blacked him out here and here. he should have used... the capital one venture card. he's coming to us from home. hey fellas... hebaby, you want mama to iron your undies? nice tightie whities. i didn't know mrs. barkley made quilts. really? looks like a circus tent. is that the best you got? now if you put this, with this, you have a sai
in cyprus. a place where a lot of powerful russians have an awful lot of money. steve sedgwick is live in moscow reporting on possible russian solutions for us. good evening, steve. >> reporter: yeah, a very good evening to you. well, look, i've just been to a meeting this morning between the european commission president, barroso, and the prime minister of russia, mr. medvedev. and despite the very fine words on the surface, it is very clear the russians are very upset with the europeans. as you mentioned, sue, a huge amount of interest the russians have down in cyprus as well. and they're really upset they weren't included in the negotiations for some form of bailout package initially. they've said the europeans have behaved like a bully in a china shop. they've also said they've done everything wrong. and this is the best one i thought. they're accusing them of absolutely misappropriating assets akin to something that happened in the soviet era. this is the russians telling the europeans they're doing something completely wrong on property rights. quite extraordinary. the russians h
would be able to complain about it steve, if people have questions out there, one question is, where else can i put my money? biggest banks in the country. may or may not be at risk, there may or may not be questions, but what other options do i have, someone with serious money and saving for a lifetime. >> the banks of paying least amount of interest. there is no question that the banks the return on your investment in banks is very low, but, i do want to state that the return of your investment in u.s. banks is still highest almost that it has been, u.s. barges are safe as they have been in 50 years, i don't think there is a question there the place to be right now is in stocks. not just because stock market is rising but because earnings yield, the aim you get a dollar's worth of earnings for a dollar investment is very high. relative to what you are getting in savings accounts, that is where your money should go. stocks are the place to be. gerri: all right, lance, do you agree with that? you know you said major banks are still a financial train wreck, what do i do about that? >>
of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really jumps out to you? >> i'll tell you what, and i am totally serious about this. when i walked in, this is a little earlier than our regular time. people are walking around, taking care of issues from friday. people have come up and said i understand this is a little island with a gdp that's in fan tess mal. i'll tell you what, i'm kind of shocked that it made that jump. i understand that at a time where computerization allows every government on the planet to track and have say complete financial audit trail of everything anybody has, whether it's in this country, 401(k), deferred retirement account. there's a rule of law issue here that's not only going to bug people in cyprus but it's going to bug everybody around the globe. that last comment you played is ridiculous, we'll never do it again. it is absolutely beyond belief. but this really is a shot across for anybody who ha
. neil: steve, it is always good to have you. on that issue, whether it is big oil or anything above, saying thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investment advice and guidance from dedicated, professional financial consultants. it's guidance on your terms, not ours. that's how our system works. e-trade. less for us. more for you. the. neil: i do want to focus on this development about all of the money com
, the big part of the story is russia. will russia rescue cyrus and their own tax laundering haven. steve is in moscow. >> reporter: yes they came to russia looking for financial support for their country after they brokered a deal in the terms of the european union. the russians have a lot of skin in the game, a huge amount of money flows between the two countries and cyprus has become an off shore type bank for them. in the interest of the russians to get a deal. but i spoke earlier to the finance minister of cyprus about the prospects of a deal. in terms of the support are we talking about a change of items for the current -- change of terms for the 2.5 billion euro loan and more in addition to that? >> no we are talking about it in terms beyond that. >> what terms would those be? >> we don't know yet, we don't know yet. we don't have any deals and we are continuing the discussions and they are waiting for us for discussions in another place. >> how long will the discussions take? >> we will be here until we get some agreement. it appears that late in the day, larry, we have not got a
ahead. but, first, let's check in with steve doocy who hopefully didn't have any of that tea this morning. see what's coming up. >> i had plenty of coffee though. >> okay. >> i'm working on my third cup. speaking of beverages. we're going to talk about energy drinks. by. marc siegel is dropping things you need to know about monster has been in the news. also, did you realize a third the people in rhode island are on food stamps? supposed to help them now it seems to be a way of life. we're going to be talking about that phil specter's wife has got a problem with that hbo movie that's coming out about her husband's life. and geraldo rivera rolls into the studio about 8:00 eastern. we get started 12 minutes from right now. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. [ female announcer ] hey ladies, you love it, you gotta have it. cinnamon toast crunch. 'cause that cinnamon and
of which, not to relate, but at this time, everyone said, is this a steve jobs situation? do we know if he is sicker than we think, you know that went. >> i remember. it was horrible, some articles that came out, one in particular from "wall street journal,." neil: i remember. >> it was tough on my family, it was saying, you know you have cancer, it will be awkward. why put people in that position. >> did you ever just want to quit out right? >> absolutely not, i started something, i wanted to see it to a good spot, we had not closed with federal reserve yet. we were just about to do that transaction, i committed to people that i wanted to do it, neil, you have to live every day, until you can't. i was in a job, i was loving what i was doing, my family and i spending good timin time toge. neil: did anyone say this is a threat to your life? you might die? >> for me? >> i was given 9 months to a year to live, so i knew i had until may until i was showing bad affects and i knew i had to work with the board on suck last thing i wanted for my family and tor to say, what a se he got that close,
will have in california with the legislature. gerri: among many. let's be clear, steve. thank you for coming, always great to have you here. this is an example of what is wrong with this country, and i'm glad you're bringing it. unbelievable. more to come this hour. more to come including are we near the end of the government's role in fannie and freddie? and next, more sequester hiding the hypocrisy from the administration concerning our armed forces. i will break it down after the break. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company throh legalzoom. never real thought i would make money doing what i love. [ robert ] we created legalzoom toelp people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. @@make your business dream a reality. at od, whatever business you're in, that's the business we're in. with premium service like
ill advised for whatever reason. first iowa republican congressman steve king with the solution for illegal immigration in the form of a construction project on the house floor. >> you can't shut that off unless we build a fence and wall. i want to put a fence in and a wall in. i designed one. this would be an example, then, of how that wall would look. you can also deconstruct it the same way. you can take it back down. i also say we need to do a few other things on top of that wall. one of them put a little bit of wire on top to provide a disincentive for people to climb over top or put a ladder there. we can electrify this wire, not a current that would kill anybody, but would be a deterrent. we do it in livestock all the time. >> now for one that made the loser list. it never came to fruition. "just before advocates for senior citizens plan to host on stage a 24-foot cabin cruiser bearing the slogan "medicare vouchers are a titanic mistake," the capitol police sank the reference judging the symbolic titanic too heavy for the stage. authorities banished it to the side deprivi
's a conservative institute on the campus. >> i want to read mark simone my pal steve forbes tweets capitalism is the most moral system because it respects man's rights. now stanford may not agree with that but do i. >> you're being a little out dated. we're in the obama economy. a college student doesn't need to study capitalism, moves into his parents house, lives there until he's 30. is on their health care plan. where do you find a professor to teach the joys of capitalism. >> there has to be somebody out there. >> they are there but they are a vanishing minority. >> capitalism is freedom. i appeal to your higher spirits. there must be an agreement with us some place. capitalism is about freedom. live, liberty and pursuit of happiness is done best through the free market capitalist system. >> i agree with you, larry. i don't know what stanford is doing. obviously they can do what they want because they are a private university and we have freedom of speech but i certainly would encourage the teaching of capitalism on campus. but i think you're all on a different planet. liberals are very s
happening. plus, steve more of the "wall street journal" weighs in on whether the plan makes sense or if they should just go bust. and you can look, but you cannot take it home. how e-commerce is changing the way you can shop. coming up next. ♪
Search Results 0 to 19 of about 20 (some duplicates have been removed)